Arab Today, arab today obama to make statement on economy
Last Updated : GMT 19:44:49
Arab Today, arab today
Arab Today, arab today

Focus on reducing debt

Obama to make statement on economy

Arab Today, arab today

Arab Today, arab today Obama to make statement on economy

Newly re-elected President Barack Obama
Washington - Arabstoday

Newly re-elected President Barack Obama US President Barack Obama will make Friday his major first post-election intervention in the looming showdown with Republicans over debt and spending, with an on-camera White House statement. A White House official told AFP that the remarks, in the presidential mansion's ornate East Room, would focus on "the action we need to take to keep our economy growing and reduce our debt."
Obama is expected to weigh in on the cresting row with Republicans over expiring tax cuts, looming automatic spending reductions and reducing the deficit, which experts warn could spark a recession if not defused.
The president says Americans sent a message to Washington by returning him for a second term on Tuesday, and that both parties should put aside partisan interests to focus on the economy first.
Obama campaigned for re-election on the idea that the wealthiest Americans should pay higher taxes, and will feel he has a mandate for such an approach.
But Republicans refuse to countenance any tax hikes and insist on cuts to spending on social programs that many Democrats cherish.
John Boehner, the Republican speaker of the House of Representatives, has laid down the terms of his party's negotiating approach to the row, known as the "fiscal cliff."
He said Republicans were ready to make a short-term fix to avert the spending cuts and higher taxes slated to come into law on January 1.
But Boehner said a longer-term deal to cut the country's debt and deficit burden would have to rely on a shakeup of the tax code-cutting loopholes and special breaks-to boost government revenues rather than Democrat-favored tax increases.
"Mr President, the Republican majority here in the House stands ready to work with you to do what's best for our country," Boehner said Wednesday.
"What we can do is avert the cliff in a manner that serves as a down-payment on and a catalyst for major solutions enacted in 2013 to begin to solve the problem."
Boehner made clear that a comprehensive long-term plan for debt reduction was unlikely in the next seven weeks of the outgoing "lame duck" Congress, but that a short-term compromise could be achieved.
That was a challenge to Obama, who has previously opposed calls for a short-term fix that would just mean "kicking the can down the road."
 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today obama to make statement on economy Arab Today, arab today obama to make statement on economy

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 08:51 2017 Saturday ,25 February

Shaking off dieselgate, VW races back into profit

GMT 08:48 2017 Saturday ,25 February

France's Macron takes on critics over 'vague' programme

GMT 10:10 2017 Friday ,24 February

France's Macron gets boost, but election is wide open

GMT 12:38 2017 Thursday ,23 February

Lower fares hit Qantas first half profit

GMT 10:57 2017 Thursday ,23 February

Chief executive out at Paramount Pictures

GMT 07:26 2017 Thursday ,23 February

A peek inside Qatar's 'gas capital of the world'

GMT 11:26 2017 Wednesday ,22 February

Dutch corporate takeover defences tough to breach
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday